21Shares has submitted an updated filing to the SEC for its proposed spot Dogecoin ETF, with Coinbase acting as the fund’s custodian. This move could significantly boost Dogecoin’s market liquidity and impact regulatory perspectives on cryptocurrency ETFs. 21Shares plans to list on Nasdaq after securing $1.5 million in initial capital for DOGE purchases. The potential approval of this Dogecoin ETF by the SEC would have a ripple effect across the crypto sphere, potentially influencing market sentiment and paving the way for other similar products. The move also aligns with recent regulatory shifts toward digital asset ETFs, as seen in the SEC’s recent approval of generic listing standards for these products. Nate Geraci, ETF expert, estimates the chances of approval at 99%. This development highlights a growing convergence between traditional finance and the cryptocurrency industry.